Define: Financing Account

How is Financing Account defined in a legal contract?

• Financing Account means a non-budgetary account that records all of the cash flows resulting from direct loans or loan guarantees. It disburses loans, makes claim payments, holds balances, borrows from the treasury, earns or pays interest and collects repayments and fees. There is at least one financing account associated with each [program account]. Seen in 9 SEC filings.
• Financing Account means the [Credit Account] if the financing agreement provides for a credit only, the [Grant Account] if the financing agreement provides for a grant only, or the Credit Account in respect of the credit and the Grant Account in respect of the grant if the Financing Agreement provides for both a credit and a grant. Seen in 7 SEC filings.
• Financing Account means the [Loan Account] and the account opened by [the bank] in its books in the name of [the borrower] to which the amount of the concessional portion of the financing is credited. Seen in 2 SEC filings.
• Financing Account means the [Credit Account], if the agreement is a development credit agreement, or the [Grant Account], if the agreement is a development grant agreement. Seen in 2 SEC filings.
• Financing Account means the account opened by the bank in its books in the name of the recipient to which the financing is credited. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of financing account' yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

• Financing Account means a non-budgetary account recording cash flows from direct loans or loan guarantees, disbursing loans, making claim payments, collecting fees, holding balances, and earning or paying interest.

Relevant Contract Types

• Loan Agreement
• Financing Agreement
• Credit Account Agreement
• Debt Settlement Agreement

Relevant Circumstances

• Initiating a new business venture requiring loans
• Consolidating multiple debts into one payment
• Navigating financial difficulties or bankruptcy
• Acquiring capital to expand an existing business

Relevant Sectors

• Banking
• Real Estate
• Non-Profit Organizations
• Commercial Enterprises

‍

Genie Definition 2

• Financing Account means an account associated with either a [Credit Account], a [Grant Account], or both, as stipulated in the financing agreement.

Relevant Contract Types

• Grant Agreement
• Credit Account Agreement
• Financing Agreement

Relevant Circumstances

• Offering or receiving a grant for a project, research, or charity
• Starting a new project or venture requiring credit
• Pursuing government funding for a public service or nonprofit initiative

Relevant Sectors

• Non-Profit Organizations
• Research & Development
• Education
• Government Agencies

‍